NEW YORK: Even though the US stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly 25% for the year, investors appear to be looking elsewhere for better values in the year ahead.
World stock funds brought in US$8.2bil in investor inflows over the last two weeks, breaking a losing streak that dated back to early September, according to Investment Company Institute data. US equity funds, meanwhile, lost more than US$10bil in outflows over the last two weeks, extending a retreat that has spanned seven of the last eight weeks.